Good evening, everyone. I hope you're all doing well. I've been in Istanbul for the past few days, so I couldn't keep up. š
#Bitcoin has regained upward momentum over the past few days. As seen on the chart, the #Btc price has recovered from the lower channel line, finding strong support. It is currently trading around $57,188 and is attempting a breakout at a key short-term resistance level of $57,877.
If a close occurs above this resistance level, it is expected that the price could continue its upward movement and potentially move towards the upper channel. However, if this level fails to be breached, the price may retrace back to the lower support areas.
At this stage, the movement above the 57,877 level should be monitored. If a breakout occurs, levels of $60,000 and above could be targeted. Otherwise, there is a possibility of a pullback to the support area around $52,000.
Wishing everyone good profits šø
